Credit Acceptance (CACC) CLO Erin Kerber Sells 5,720 Shares

On June 26, 2026, Erin Kerber, the Chief Legal Officer of Credit Acceptance Corporation, sold 5,720 shares of the company. This insider transaction was not part of a pre-planned trading program. Shares of Credit Acceptance, trading under the ticker CACC on the NasdaqGS, were priced near $638.23 on Wednesday.

Insider Buying and Selling at Credit Acceptance Corporation

Several insider transactions took place at Credit Acceptance on June 26, 2026. Erin Kerber sold a total of 5,720 shares, while Nicholas Elliott, the Chief Transformation Officer, sold 2,306 shares at an average price of $629.99. Elliott's sale was part of a pre-planned trading plan.

Other Institutional Activity in Credit Acceptance

Institutional investors have also been active in Credit Acceptance. Boston Partners increased its holdings by 103,955 shares, bringing its total to 560,208 shares valued at approximately $237.17 million, a 22.8% increase. Wellington Management Group added 21,256 shares, now holding 258,898 shares worth about $109.63 million, marking an 8.9% increase. In contrast, Beck Mack & Oliver reduced its stake by 1,364 shares, ending with 308,984 shares valued at $130.84 million, a slight decrease of 0.4%.

Credit Acceptance Corporation Stock Up 10.1%

On Wednesday, Credit Acceptance Corporation's stock was trading near $638.23. The company, with a market capitalization of approximately $6.58 billion, has a P/E ratio of 15.68 and a forward P/E of 11.49. Over the past 52 weeks, the stock has ranged between $401.90 and $638.55. It has a 50-day moving average of $546.26 and a 200-day moving average of $488.51. Credit Acceptance's current ratio stands at 3.87, with a quick ratio of 3.63 and a debt-to-equity ratio of 423.26.

Analysts Set New Price Targets

Recent analyst activity includes TD Cowen maintaining a 'hold' rating with a $500 price target on May 6, 2026. Stephens & Co. also maintained a 'hold' rating with a $540 target on April 17, 2026. The consensus among analysts is a hold rating, with an average target price of approximately $536.67 based on three analyst opinions.

About Credit Acceptance Corporation

Credit Acceptance Corporation, based in Southfield, Michigan, offers financing programs and related services to automobile dealers in the United States. Founded in 1972, the company advances money to dealers in exchange for the right to service the underlying consumer loans. It also purchases consumer loans from dealers, retaining the collected amounts. Under the leadership of CEO Vinayak R. Hegde, the company serves both independent and franchised automobile dealers and employs around 2,314 people.

Bottom Line

Insider sales like Erin Kerber's are part of regular corporate governance and don't necessarily indicate a lack of confidence in the company. Investors often track these transactions for insights into management's view of the company's prospects. Credit Acceptance's stock remains near its 52-week high, reflecting its current market valuation. As always, it's important to remember that 13F filings and insider transactions are backward-looking and may not represent current positions.